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Net Loss Per Share
6 Months Ended
Jun. 30, 2022
Earnings Per Share [Abstract]  
Net Loss Per Share

10. Net Loss Per Share

The following table sets forth the computation of the basic and diluted net loss per share:

 

 

For the Three Months Ended
June 30,

 

 

For the Six Months Ended
June 30,

 

(In thousands, except share amounts and per share data)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Numerator:

 

 

 

 

 

 

 

 

 

 

 

 

Net loss

 

$

(90,471

)

 

$

(53,239

)

 

$

(158,765

)

 

$

(104,220

)

Denominator:

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average shares used in calculating net loss per share, basic and diluted

 

 

148,295,716

 

 

 

127,482,127

 

 

 

148,141,180

 

 

 

127,354,540

 

Net loss per share, basic and diluted

 

$

(0.61

)

 

$

(0.42

)

 

$

(1.07

)

 

$

(0.82

)

 

Since we were in a loss position for all periods presented, diluted net loss per share is the same as basic net loss per share as the inclusion of all potential dilutive securities would have been anti-dilutive. The shares in the table below were excluded from the calculation of diluted net loss per share due to their anti-dilutive effect:

 

 

As of

 

 

 

June 30,
2022

 

 

June 30,
2021

 

Stock options outstanding

 

 

17,942,895

 

 

 

17,120,349

 

Restricted stock units outstanding

 

 

18,932

 

 

 

42,810

 

Warrants outstanding

 

 

 

 

 

5,149,647

 

ESPP shares issuable

 

 

 

 

 

8,187

 

Total

 

 

17,961,827

 

 

 

22,320,993